As entrepreneurs, it is easy to sometimes feel like our finances are outside of our control.  Especially in the early years of your business you may not have the regular earnings that came with a job. Our spending often varies as well, since building a successful business costs money.

These factors make it even more critical that we develop financial consistency.  Keeping a handle on the ways of managing our money that are within our control, will go a long way towards building financial stability and avoiding the financial roller coaster that plagues many small business owners. Read more »

One way to success as a small business owner, network marketer or solo entrepreneur is to act like an athlete.

Have Discipline – a wonderful aspect of being an entrepreneur is the freedom to create your own schedule. For the most part no one dictates when you have meetings or when you start and end your workday. However, for many entrepreneurs this freedom is also their curse as they struggle to develop the daily disciplines that lead to success in any small business.  We cannot imagine the Olympic runner pausing between laps to check his e-mail or agreeing to grab coffee with a friend in the middle of a scheduled training session. Likewise, as you plan the daily and weekly activities that will result in growth and business progress, block out concentrated work periods where nothing is allowed to interrupt. Read more »

You’re committed to the success of your small business right? So let’s think about what makes a business a business.  Think of how a big company runs things.  They have a business bank account and business credit cards, they keep records of all business expenses and sales, and they know when they have made a profit and how much.

Do you run your business like this?  If the answer is no, then you don’t actually have a business. You’re merely engaging in a hobby, and it may be an expensive one.  You might be saying, “But I’m not an accountant.”  True.  However, as challenging as it may seem initially, you can absolutely learn to keep proper track of your business finances. It is critical to your success as a small business owner. Read more »

As a small business owner, network marketer or solo entrepreneur, don’t you sometimes find that the enormous amount of information out there-all designed to help us succeed-can get really overwhelming really quickly? Well check out “SmartBrief on Entrepreneurs” – their mission is to save us time AND keep us well-informed. Their editors work to handpick and distill the best and most important new stories from a wide range of sources. Subscriptions are completely free of charge. You’ll find each “article” will take you seconds to read but some of the ideas and tools are invaluable!

The official first post on our new blog for The Abundance Bound System… we’ve expanded the financial technology we developed for the artistic market, to also meet the needs of small business owners, network marketers and all types of solo entrepreneurs. Check it out here

Abundance Bound System

Enjoy!